The Indian Oil Corporation (IOC) is looking to diversify into the renewable and nuclear energy sectors, and has earmarked $430 million for investment over the next five years.
Plans to build additional hydropower dams on the upper Mekong will have major impacts on Southeast Asia’s longest waterway, affecting the downstream nations of Thailand, Cambodia, Laos, Vietnam and Myanmar.
According to data from the National Bureau of Statistics (NBS), China’s power generation increased in July by 11.5 per cent from the equivalent figure a year earlier, reaching a record 377.64 TWh, as demand peaked amid scorching temperatures in many parts of the country.
According to the American Chamber of Commerce in Ireland, plans to introduce an additional levy to electricity bills will reduce Ireland’s competitiveness. The Irish government and the energy regulator defended the decision to introduce the levy, which could lead to a rise of up to 5 per cent in electricity prices.
Hyperion Power Generation, from New Mexico, USA, has said that it has commercialised small modular nuclear reactors for power generation for use by small island states in the Pacific.
As part of its efforts to boost power supply in the country, the Nigerian Government has said that it is compiling studies of all the abandoned dams across the country in order to resuscitate them for electricity generation.
Germany’s Federal Cabinet has adopted a national renewable energy action plan presented by the country’s Environment Minister, Norbert Röttgen.
The French power company GDF-Suez has announced that it plans to make a significant investment in a series of energy projects in Chile and Peru.
In Maharashtra state, India, the Maharashtra Electricity Regulatory Commission (MERC) has granted an extension to the tariff fixed for bagasse-based cogeneration projects up until March 2011.
It has been reported that about $80 billion worth of investment is needed in Saudi Arabia by 2018 to meet rising power demands in the country.